Say, how's that GM investment working out for taxpayers?
BailoutCost.com calculates to the second and to the penny how much we are in the hole on the Government Motors bailout.
Briefly: We own about 500 million GM shares. To break even, they need to be sold at $53 per. Right now they're trading at about $23.
Which loses us about $15 billion.
Remember, Solyndra lost us: $0.5 billion.
I'm not real good at math, but that seems like a lot more.
20-30 times more (again, depending on the share price whence we sell).
(cross-posted from directorblue.blogspot.com)